BNGE - ETF AI Analysis

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First Trust S-Network Streaming and Gaming ETF (BNGE)

Rating:65Neutral

Price Target:―

BNGE, the First Trust S-Network Streaming and Gaming ETF, earns a solid overall rating thanks to strong, diversified leaders like Tencent, Disney, Sony, and Netease, which all show healthy financial performance and supportive earnings calls in key streaming and gaming areas. High-quality names such as Netflix, Electronic Arts, and Spotify further bolster the fund, though some holdings like Take-Two and Warner Bros. Discovery face profitability, valuation, or growth challenges that slightly weigh on the rating. The main risk is the fund’s concentration in the streaming and gaming space, which can make it more sensitive to shifts in consumer demand, regulation, and technology trends.

Positive Factors

Targeted Exposure to Streaming and Gaming

The ETF focuses on companies tied to streaming and gaming, giving investors direct access to a growing entertainment niche.

Global Diversification

Holdings spread across the U.S., Asia, Europe, and Australia help reduce reliance on any single country’s market.

Leading Industry Names in Top Holdings

The fund’s largest positions include well-known global media and gaming companies, which can benefit if the sector strengthens over time.

Negative Factors

High Expense Ratio

The fund charges relatively high annual fees, which can eat into returns over the long term.

Recent Weak Performance

The ETF has shown weak performance over the past month, three months, and year to date, signaling recent headwinds for the strategy.

Concentrated Sector Exposure

Most assets are in communication services and consumer cyclical stocks, making the fund sensitive to downturns in these specific areas.

BNGE vs. SPDR S&P 500 ETF (SPY)

AUM4.78M

RegionGlobal

Expense Ratio0.70%

Beta1.01

IssuerFirst Trust

Inception DateJan 25, 2022

Dividend Yield1.05%

Asset ClassEquity

Index TrackedS-Network Streaming & Gaming Index - Benchmark TR Net

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume2,392

30 Day Avg. Volume3,208

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

43.58

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering45

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

BNGE Summary

BNGE is the First Trust S-Network Streaming and Gaming ETF, which follows the S-Network Streaming & Gaming Index. It focuses on companies tied to video games, eSports, and online streaming, aiming to benefit from the growing time and money people spend on digital entertainment. The fund holds well-known names like Nintendo, Disney, Sony, Netflix, and Roblox, giving investors a simple way to invest in this theme without picking individual stocks. Someone might invest for long-term growth and global diversification within gaming and streaming. A key risk is that it is heavily tied to entertainment and tech trends, so its price can swing a lot.

How much will it cost me?The expense ratio for the First Trust S-Network Streaming and Gaming ETF (BNGE) is 0.7%, which means you’ll pay $7 per year for every $1,000 invested. This is higher than average because the fund is actively managed and focuses on a niche sector like video games and eSports, which requires specialized research and management.

What would affect this ETF?The BNGE ETF could benefit from the growing popularity of gaming and streaming platforms, as well as advancements in technology that enhance user experiences. However, it may face challenges from regulatory changes in key markets, economic downturns that reduce consumer spending on entertainment, or increased competition within the gaming and streaming industries. Its global exposure and focus on companies like Roblox, Netflix, and Nintendo position it well for growth but also make it sensitive to international market conditions.

BNGE Top 10 Holdings

BNGE is essentially a global bet on streaming and gaming, with heavy exposure to media and interactive platforms rather than old-school tech. Warner Bros. Discovery has been one of the few bright spots lately, helping to prop up returns, while big names like Netflix, Spotify, and Tencent have been losing steam and acting as a drag. Gaming giants Sony, Nintendo, and Roblox are also lagging, turning what should be a high-octane theme into a bumpier ride. With holdings spread across the U.S., Asia, and Europe, this is a globally wired entertainment play, but currently fighting a tough tape.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
NFLX	Netflix	5.54%	$264.39K	$402.41B	3.82%	73 Outperform
7974	Nintendo Co	5.22%	$249.00K	¥11.90T	-8.29%	63 Neutral
EA	Electronic Arts	5.13%	$245.07K	$49.86B	43.64%	70 Outperform
WBD	Warner Bros	5.04%	$240.65K	$67.31B	166.34%	68 Neutral
SPOT	Spotify	4.91%	$234.29K	$106.22B	-10.22%	66 Neutral
0700	Tencent Holdings	4.61%	$220.03K	HK$4.94T	3.51%	75 Outperform
DIS	Walt Disney	4.58%	$218.44K	$175.89B	0.66%	75 Outperform
6758	Sony	4.54%	$216.90K	¥21.13T	-11.67%	73 Outperform
9999	Netease Inc	4.36%	$208.28K	HK$560.02B	13.01%	80 Outperform
TTWO	Take-Two	4.35%	$207.54K	$38.62B	1.96%	53 Neutral

BNGE Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

34.25

Negative

100DMA

36.20

Negative

200DMA

36.92

Negative

Market Momentum

MACD

-0.56

Negative

RSI

38.03

Neutral

STOCH

48.53

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BNGE, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 31.97, equal to the 50-day MA of 34.25, and equal to the 200-day MA of 36.92, indicating a bearish trend. The MACD of -0.56 indicates Negative momentum. The RSI at 38.03 is Neutral, neither overbought nor oversold. The STOCH value of 48.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BNGE.

BNGE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
BNGE	―	―	$4.78M	0.70%	65 Neutral
SOCL	―	―	$100.00M	0.65%	61 Neutral
HERO	―	―	$85.53M	0.50%	53 Neutral
GAMR	―	―	$37.03M	0.59%	70 Neutral
NERD	―	―	$16.01M	0.50%	56 Neutral
ODDS	―	―	$3.91M	0.49%	58 Neutral

Performance Comparison

BNGE

First Trust S-Network Streaming and Gaming ETF

31.76

1.87

6.26%

SOCL

Global X Social Media ETF

―

HERO

Global X Video Games & Esports ETF

―

GAMR

Amplify Video Game Leaders ETF

―

NERD

Roundhill BITKRAFT Esports & Digital Entertainment ETF

―

ODDS

Pacer BlueStar Digital Entertainment ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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